The Swedish Coop grocery store chain closed 800 of its stores nationwide on Saturday after a ransomware attack on its American IT provider prevented employees from managing to operate cash registers. The attack, which took place on Friday, led to the successful hijacking of the widely used technology software...
COVID-19 vaccine maker Moderna is looking to deliver its shipment of vaccines promised to Germany earlier than expected, Dan Staner, its European head, stated on Thursday. The biotech firm is aiming to deliver 80 million doses by the end of 2021, a figure that is in line with the...
With U.K. inflation rising above the Bank of England's (BoE) benchmark to 2.1%, European stocks at large opened higher on Wednesday morning. Despite data showing that the national cost of living had reached its highest levels in May since 2019, the FTSE 100 still opened up 0.6%.
While analysts expected...
With Germany opening vaccinations to all sectors of the population, the German government has acknowledged the lasting economic effect that the pandemic has had on local businesses, deciding to extend its economic aid to companies that have been damaged by the coronavirus pandemic until the end of September.
Originally revealed...
With the release of strong economic data from the U.S. and Europe keeping investors' confidence afloat, European shares have been inching ever closer to record numbers. The pan-European STOXX 600 index rose 0.1%, hovering just below its all-time record high. Energy and consumer stocks emerged as the biggest winners...
The family of the founder of British airline EasyJet made the monumental decision on Thursday to sell a small portion of its share in the company. According to a regulatory filing made during the same day, the Haji-Ioannou family's stake in the company was reduced from 26.7% to 25.3% following...
Concerns over market inflation swept across the UK on Wednesday due to the release of new data showing a surge in prices across the nation. According to figures provided by the Office for National Statistics, UK inflation more than doubled in the last month to 1.5%; slightly higher than...
With the European Union's sights set on rolling out 5G across its 27 member states, the body will need to invest €300 billion ($355 billion) into its telecommunications infrastructure by 2025, a study by consulting firm BCG found. Commissioned by telecoms lobbying group ETNO, BCG performed its study at...
In order to prevent the nation's economy from further harm caused by the ongoing COVID-19 pandemic, Greece's government intends to inject another 2.5 billion euros ($3 billion) into its already struggling economy. Currently, the Mediterranean nation finds itself coming to grips with an overwhelmed healthcare system while at the...
In response to the current global semiconductor shortage, Volkswagen has called on European governments to allocate more capital towards boosting the chip manufacturing sector.
According to Markus Duesmann, the Volkswagen board member in charge of research & development and head of luxury unit Audi, the German vehicle manufacturer will not...